Common use of Resignation by Executive without Good Reason Clause in Contracts

Resignation by Executive without Good Reason. (A) Executive may resign Executive’s employment without Good Reason; provided that if Executive elects to resign without Good Reason, then Executive shall provide written notice to Ultra specifying that Executive is resigning without Good Reason and specifying the effective date thereof, which may be immediate. (B) If Executive resigns Executive's employment without Good Reason, then Ultra shall provide the Severance Benefits to Executive and shall also pay Executive the Accrued Obligations as of the Termination Date but shall have no other obligation to pay or provide Executive any severance or benefits, and Executive shall have no right to receive any other payments, severance or other benefits.

Resignation by Executive without Good Reason. (A) Executive may resign Executive’s employment without Good Reasonfor any reason; provided that if Executive elects to resign without Good Reasonresign, then Executive shall provide written notice to Ultra specifying that Executive is resigning without Good Reason and specifying the effective date thereof, which may shall be immediateno less than 30 days after delivery of such notice. (B) If Executive resigns Executive's employment without Good Reason’s employment, then Ultra shall provide the Severance Benefits to Executive and shall also pay Executive the any Accrued Obligations as of the Termination Date but shall have no other obligation to pay or provide Executive any severance or benefits, and Executive shall have no right to receive any other payments, severance or other benefits.

Resignation by Executive without Good Reason. (A) Executive may resign Executive’s employment without Good Reason; provided that if Executive elects to resign without Good Reason, then Executive shall provide written notice to Ultra specifying that Executive is resigning without Good Reason and specifying the effective date thereof, which may be immediate. (B) If Executive resigns Executive's employment without Good Reason, then Ultra shall provide the Severance Benefits and the Title Transfer to Executive and shall also pay Executive the Accrued Obligations as of the Termination Date but shall have no other obligation to pay or provide Executive any severance or benefits, and Executive shall have no right to receive any other payments, severance or other benefits.